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Trending ETFs

Goldman Sachs Short-Term Conservative Income Fund

mutual fund
GMBPX
Payout Change
Pending
Price as of:
$10.09 -0.01 -0.1%
primary theme
U.S. Ultrashort Bond Duration
share class
P (GMBPX) R6 (GPPSX) A (GPAPX) Instl (GPPIX) Investor (GPPOX)
GMBPX (Mutual Fund)

Goldman Sachs Short-Term Conservative Income Fund

Payout Change
Pending
Price as of:
$10.09 -0.01 -0.1%
primary theme
U.S. Ultrashort Bond Duration
share class
P (GMBPX) R6 (GPPSX) A (GPAPX) Instl (GPPIX) Investor (GPPOX)
GMBPX (Mutual Fund)

Goldman Sachs Short-Term Conservative Income Fund

Payout Change
Pending
Price as of:
$10.09 -0.01 -0.1%
primary theme
U.S. Ultrashort Bond Duration
share class
P (GMBPX) R6 (GPPSX) A (GPAPX) Instl (GPPIX) Investor (GPPOX)

Name

As of 12/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Goldman Sachs Short-Term Conservative Income Fund

GMBPX | Fund

$10.09

$1.89 B

4.82%

$0.49

0.33%

Vitals

YTD Return

5.7%

1 yr return

5.9%

3 Yr Avg Return

4.0%

5 Yr Avg Return

2.8%

Net Assets

$1.89 B

Holdings in Top 10

19.7%

52 WEEK LOW AND HIGH

$10.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.33%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 102.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Goldman Sachs Short-Term Conservative Income Fund

GMBPX | Fund

$10.09

$1.89 B

4.82%

$0.49

0.33%

GMBPX - Profile

Distributions

  • YTD Total Return 5.7%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.23%
DIVIDENDS
  • Dividend Yield 4.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Goldman Sachs Short-Term Conservative Income Fund
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Apr 20, 2018
  • Shares Outstanding
    N/A
  • Share Class
    P
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Dave Fishman

Fund Description

The Fund pursues its investment objective by investing in a broad range of high quality, U.S. dollar-denominated fixed income instruments, including obligations issued or guaranteed by the U.S. Government, its agencies, authorities, instrumentalities or sponsored enterprises (“U.S. Government Securities”), obligations of U.S. banks, corporate notes, commercial paper and other short-term obligations of U.S. companies, certificates of deposit, states, municipalities and other entities, fixed and floating rate asset-backed securities and repurchase agreements. The Fund may also invest in U.S. dollar-denominated obligations issued or guaranteed by foreign banks, companies and governments or their agencies, authorities, instrumentalities or sponsored enterprises. The Fund will not invest in mortgage-backed securities or derivatives.The Fund may also seek to obtain exposure to fixed income investments through investments in affiliated or unaffiliated investment companies, including exchange-traded funds (“ETFs”).In pursuing the Fund’s investment objective, the Investment Adviser will seek to enhance the Fund’s return by identifying those high quality, U.S. dollar-denominated fixed income instruments that are within the maturity guidelines discussed below and that the Investment Adviser believes offer attractive yields relative to other similar securities, consistent with preservation of capital and liquidity.The Fund will concentrate its investments in the financial services group of industries. Therefore, under normal circumstances, the Fund will invest more than 25% of its total assets in securities issued by companies in the financial services group of industries and repurchase agreements secured by such obligations. The Fund may, however, invest less than 25% of its total assets in this group of industries as a temporary defensive position.The Investment Adviser measures the Fund’s performance against the Bloomberg Short-Term Government/Corporate Index and ICE BofA 3-6 Month U.S. Treasury Bill Index.Credit Quality GuidelinesThe Fund will invest at least 85% of its total assets in securities (or the issuers of such securities) that are rated, at the time of purchase, in the highest short-term credit rating category by at least one nationally recognized statistical rating organization (“NRSRO”) (A-1, P-1, or F1 by S&P Global Ratings (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch Ratings, Inc. (“Fitch”), respectively), or, if such securities only maintain long term ratings or are unrated, determined by the Investment Adviser to be of comparable credit quality at the time of purchase (e.g., minimum long-term credit rating of A- by Standard & Poor’s or Fitch, or A3 by Moody’s). The remainder of the Fund’s investments will carry a minimum short-term credit rating of A-2, P-2, or F2 by Standard & Poor’s, Moody’s or Fitch, respectively, at the time of purchase, or, if such securities only maintain long term ratings or are unrated, determined by the Investment Adviser to be of comparable credit quality at the time of purchase (e.g., minimum long-term credit rating of BBB by Standard & Poor’s or Fitch, or Baa2 by Moody’s). The Fund may also rely on the credit quality of a guarantee or demand feature in determining the credit quality of a security supported by the guarantee or demand feature.Maturity GuidelinesExcept for asset-backed securities, the Fund will only invest in securities that have remaining maturities of:(1) two years or less for fixed rate securities and(2)three years orless for floating rate and variable rate securities,in each case measured at the time of purchaseand with limited exceptions where a security has maturity shortening features (e.g., demand features). The Fund may invest in asset-backed securitiesthat have remaining maturities of more than three years,provided that the remaining dollar-weighted average portfolio life (“WAL”) of the pools of assetscollateralizing such asset-backed securities is:(1) two years or less for fixed rate assets or (2) three years or less for floating rate and variable rate assets, in each case measured at the time of purchase and with limited exceptions where an asset-backed security has maturity shortening features (e.g.,demand features).The Fund will maintain a dollar-weighted average portfolio maturity (“WAM”) that does not exceed approximately nine months and a WAL that does not exceed approximately one year.THE FUND IS NOT A MONEY MARKET FUND AND DOES NOT ATTEMPT TO MAINTAIN A STABLE NET ASSET VALUE.Liquidity Solutions Investment PhilosophyThe Fund is managed to seek to generate current income and secondarily maintain an emphasis on preservation of capital and liquidity. The Investment Adviser follows a conservative, risk-managed investment process.Our process:◼Combines diversified sources of return by employing multiple strategies◼Takes a global perspective to seek relative value opportunities◼Employs focused specialist teams to seek to identify short-term mis-pricings and incorporate long-term views◼Emphasizes a risk-aware approach as we view risk management as both an offensive and defensive toolNo one factor or consideration is determinative in the fundamental investment process.
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GMBPX - Performance

Return Ranking - Trailing

Period GMBPX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% 0.3% 8.6% 44.81%
1 Yr 5.9% 1.3% 9.3% 51.89%
3 Yr 4.0%* -0.9% 7.1% 19.61%
5 Yr 2.8%* -0.8% 4.4% 26.98%
10 Yr N/A* -4.1% 27.9% N/A

* Annualized

Return Ranking - Calendar

Period GMBPX Return Category Return Low Category Return High Rank in Category (%)
2023 0.6% -2.3% 4.3% 78.77%
2022 -0.5% -6.5% 0.5% 10.73%
2021 -0.2% -2.1% 0.3% 22.11%
2020 0.2% -3.1% 1.8% 53.93%
2019 0.5% -1.2% 6.1% 49.17%

Total Return Ranking - Trailing

Period GMBPX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% 0.3% 8.6% 44.81%
1 Yr 5.9% 1.3% 9.3% 51.89%
3 Yr 4.0%* -0.9% 7.1% 19.61%
5 Yr 2.8%* -0.8% 4.4% 26.98%
10 Yr N/A* -4.1% 27.9% N/A

* Annualized

Total Return Ranking - Calendar

Period GMBPX Return Category Return Low Category Return High Rank in Category (%)
2023 6.1% 0.8% 12.1% 34.43%
2022 1.2% -5.1% 2.5% 7.80%
2021 0.1% -2.1% 14.5% 45.23%
2020 1.5% -1.0% 3.6% 56.02%
2019 1.7% 0.3% 9.6% 91.16%

NAV & Total Return History

GMBPX - Holdings

Concentration Analysis

GMBPX Category Low Category High GMBPX % Rank
Net Assets 1.89 B 26.6 K 22.6 B 36.32%
Number of Holdings 235 2 1258 60.38%
Net Assets in Top 10 388 M 27.7 K 22.7 B 35.38%
Weighting of Top 10 19.66% 6.3% 159.6% 50.47%

Top 10 Holdings

  1. Goldman Sachs Financial Square Government Fund 8.91%
  2. U.S. Treasury Notes 1.52%
  3. U.S. Treasury Notes 1.49%
  4. JPMorgan Chase Co 1.25%
  5. Bank of Nova Scotia/The 1.14%
  6. UPMC 1.12%
  7. U.S. Treasury Notes 1.09%
  8. Bayerische Landesbank/New York 1.08%
  9. Morgan Stanley 1.05%
  10. Charles Schwab Corp/The 1.02%

Asset Allocation

Weighting Return Low Return High GMBPX % Rank
Bonds 		65.77% 0.00% 129.63% 73.11%
Cash 		21.17% 0.00% 112.72% 10.85%
Stocks 		8.91% 0.00% 97.16% 5.19%
Convertible Bonds 		7.97% 0.00% 15.25% 14.69%
Other 		4.15% -13.48% 99.96% 62.74%
Preferred Stocks 		0.00% 0.00% 1.02% 16.98%

Stock Sector Breakdown

Weighting Return Low Return High GMBPX % Rank
Utilities 		0.00% 0.00% 0.87% N/A
Technology 		0.00% 0.00% 32.06% N/A
Real Estate 		0.00% 0.00% 0.00% N/A
Industrials 		0.00% 0.00% 2.85% N/A
Healthcare 		0.00% 0.00% 4.23% N/A
Financial Services 		0.00% 0.00% 99.34% N/A
Energy 		0.00% 0.00% 100.00% N/A
Communication Services 		0.00% 0.00% 11.28% N/A
Consumer Defense 		0.00% 0.00% 4.16% N/A
Consumer Cyclical 		0.00% 0.00% 11.26% N/A
Basic Materials 		0.00% 0.00% 0.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High GMBPX % Rank
US 		8.91% 0.00% 97.16% 5.19%
Non US 		0.00% 0.00% 0.00% 16.51%

Bond Sector Breakdown

Weighting Return Low Return High GMBPX % Rank
Corporate 		41.27% 0.00% 99.91% 46.92%
Cash & Equivalents 		21.17% 0.00% 112.72% 9.91%
Government 		11.28% 0.00% 100.00% 27.96%
Municipal 		0.96% 0.00% 70.39% 17.06%
Derivative 		0.00% -13.48% 16.56% 29.25%
Securitized 		0.00% 0.00% 100.00% 83.41%

Bond Geographic Breakdown

Weighting Return Low Return High GMBPX % Rank
US 		65.77% 0.00% 129.63% 73.11%
Non US 		0.00% 0.00% 20.18% 26.89%

GMBPX - Expenses

Operational Fees

GMBPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.33% 0.08% 29.63% 75.12%
Management Fee 0.25% 0.00% 1.19% 44.81%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

GMBPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.25% 1.00% N/A

Trading Fees

GMBPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GMBPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 102.00% 0.00% 336.00% 79.21%

GMBPX - Distributions

Dividend Yield Analysis

GMBPX Category Low Category High GMBPX % Rank
Dividend Yield 4.82% 0.00% 8.76% 18.40%

Dividend Distribution Analysis

GMBPX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

GMBPX Category Low Category High GMBPX % Rank
Net Income Ratio 0.23% -1.30% 14.86% 70.59%

Capital Gain Distribution Analysis

GMBPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

GMBPX - Fund Manager Analysis

Managers

Dave Fishman

Start Date

Tenure

Tenure Rank

Feb 28, 2014

8.26

8.3%

Managing director of Goldman Sachs since 2001, and co-head of the Goldman Sachs global liquidity management team since 2008 as a result of a merger between the Goldman Sachs money market team with the Goldman Sachs short duration team. Mr. Fishman was head of the Goldman Sachs money market team since 2002. Mr. Fishman joined the Goldman Sachs Asset Management, L.P. in 1997 after working at Bankers Trust as a Portfolio Manager. He has over 22 years of investment experience. Mr. Fishman has a BS from The Wharton School of the University of Pennsylvania and an MBA from New York University, Stern School of Business.

John Olivo

Start Date

Tenure

Tenure Rank

Feb 11, 2016

6.3

6.3%

Mr. Olivo is the global head of short duration fixed income strategies. In this role, Mr. Olivo is responsible for portfolio management of several of GSAM’s short duration funds as well as portfolio construction and oversight for investment mandates on behalf of central banks, balance sheet clients, and financial institutions. Previously, he was a member of the short-term taxable portfolio management team and co-managed the U.S. Government money market funds. Mr. Olivo also managed the separate account money market business. Mr. Olivo is a member of the Investment Strategy Committee. He joined GSAM in 1995 as a portfolio trading assistant and was responsible for the daily compliance of all of the taxable money market funds.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.44 6.52 7.92

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